The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-01-28
THE SOUTHERN STATES
WILL CONTRIBUTE TO THE MA.
TERIAL WELL BEING
Ofthe Ration I'm Another Generation
More Than Its Entire Estimated
value Before the Civil War.

correspondent from Virginia and Ten
nessee--Sow a kind and degree OF
progress in the South such as is now
going on nowhere else in the United
States and probably nowhere else in
the world, and this because nowhere
else are the conditions 30 favorable.
The only movement In this country
that can be compared to it is the one
that took place from 1880 to 1850 in
what are the Central and were then
the Western States. The Southern
movement differs from that one in
that it is far more varied, including
not only agriculture, though this 10
not by any means absent, but great
numbers and kinds OF manufactures
and mining. 1t diffAs also in that q
new country has not to be settled and
wrested from the wilderness, but there
is solid basis Of organic .tiou, social,
political aud commercial, on which to
build. Again, the resources and the
methods of those engaged in the
Southern movement are of lar higher
and more efficient sort than those OF
half a century since. There is
a vast accumulation OF available
capital ready for actual investment. A
banking system as nearly perfect as
the world has ever seen is ready to IA
cilitate all legitimate enterprise. The
currency, whatever NAV be its future,
is safe aud uniform. and cannot be vi
tisted or endangered by the adven-
lures Of spectators, fiuancial fanatics
or swindlers, as that ofthe last genera
ton could be aud often was. Gem
muuica alton of all sorts, for passengers
and freight, and for exchanges, is
rapid, extensive, safe, sure, and con-
stautly growing cheaper. The one
thing common to both movements ia
the American spirit of energy, self re-
lance and indomitable courage, 1t is
not to) much to say that enormous az
YVES the advantage t) the country
from the West,rn movement, that
made possible in the South fairly ranks
with it aud involves even greater
future.
There are evidences in the letters Of
our correspondent of unhealthy speCu-
lation here and there, which, 80 far,
has oftenest taken TIE form OF
"buoms" in real property. Thtso are
unavoidable, and will more or less
rapidly adjust themselves to the con-
ditions of fact. They are, indeed,
evidenc IS of real prosperity, for what
ever exaggeration there is In the hopes
that incite them, there is certain
solid basis. Advances oil 100 per cent.
or 500 per cent. in the price OF land in
few weeks or months a'e, Of course,
the const quence Of the gambling
spirit. and the active dealings in "op-
tlons" on land, such as be de-
scribes in Chattanooga, 10 an aggres-
Give form of gambling. But the fever
that produces these symptoms will
burn out, and sufficient sustained con-
fidence, energy and industry will re.
main. The rapid advances in lsnd
prices ia but the index OF the general
feeling ss to the industrial and COM
mercial resources involved in the
land, and these are real and will u IT,
msteiy have their legitimate effect.
81 far as eau now bs escertained a
very large part OF The new enterprises
of the South are maintained 5y gen
uine capital, which will necessarily
b steadily increased as profitable en-
pIoymtnt for it is disclosed. L. is al.
most impossible to fix limit to the
general resources OF the Country as this
process, which is cumulative, goes on.
10 one more generation, within the
time OF men now actively engaged in
The South, it is safe to say that that re-
gion will contribut3 to the IN iterial
we'll being of the nation more than its
entire estimated value before the re-
bellion.
The moral and social changes in
volved are even more important than
the material changes. The war has
made them all possible. 1t destroyed
slavery; it welded the States into a
hom ogeneous Union; II opened the
South to the North and made, after q
surprisingly short time, the North
welcome in the South, and, what is oil
the greatest immediate value, 1t re.
stored the South to itself. With the
disappearance OF slavery the stigma at
tached to labor was gradually re-
moved. With the new industries that
brought the negro and the white man
side by side, working at the same task
receiving the same wages, with the
same hopes and opportunities, there
begins the permanent and complete
solution OF all that was serious in the
race problem. Thus, again, free dom
for which our fathers fought
for which the war OF the
Union was wsged, and which has
become as precious to the
defeated party as TO the victors
just6es itself. We are not rash enough
to think that the millennium is dawn
ing in the South, that there will be nj
reverses, drawbacks, Disappointment
in that region, in all departments o
life. But whatever is in store for II II
now common to the whole country
its opportunities and its risks are ma
tional, and in the net outcome Of pro
gress and prosperity that is perfectly
certain the whole country must partic
ipate. 1t was only few years ago tha
the Southern question" involved to
a great party in the North the inquir!
how evils there could be corrected b!
Northern action; today there is NJ
Southern question in politics, and tn,
only one the North 10 really interested
in is how it shall get it's share in tn
gains that are to be made there.
|
The Burial OF Gen. Chas. r. Stone
New YORK, January 27,-The funera
OF the late Gen. Charles P. Stone too
place today from 81. Lso's Church, an